GPC News & Events

Stock futures were mixed ahead of the long weekend as traders considered the weaker-than-expected U.S. nonfarm payrolls for June and what it might mean for the path of rates. Meanwhile, the Nasdaq fell amid continued pressure on technology and semiconductor names. Chip stocks have experienced a notable pullback to begin the second half of the year, suggesting traders are taking profits after a strong run.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER -Seerup 37% after receiving an unsolicited acquisition proposal from CEO Omid Farokhzad for $2.45 per shareLOWER -Genuine Partsdown 1.1% after Bloomberg reported that O'Reillymade a cash bid for Genuine's auto parts unit

Genuine Parts (GPC) has attracted a cash bid for its auto parts unit from O'Reilly Automotive (ORLY), people familiar with the matter told Bloomberg's David Carnevali. The unit could be valued at $10B or more in any deal and another party could also emerge as a bidder, the sources added. A potential sale of the unit could be announced by the end of the summer, but Genuine Parts could still decide to keep the unit or pursue a spinoff without O'Reilly, the report added.